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Terex Corporation: The REV Integration Is a Productivity Story — Consolidation, Best Practices, & Digital Cross-Sell!

Terex Corporation has announced a strategic merger with REV Group, a move designed to create a U.S.-centric specialty equipment manufacturer. The merger intends to combine complementary operations, management systems, and distribution channels to enhance competitiveness and unlock synergies. With Terex shareholders set to own 58% and REV shareholders 42% of the new entity, the merger also offers a cash consideration of $425 million for REV shareholders. The newly merged company aims to deliver at least $75 million in annual synergies, positioning itself as a leader in specialty vehicles, environmental solutions, and materials processing sectors. In conjunction with the merger, Terex also plans to exit its Aerial segment, which it believes will reduce its exposure to cyclical markets and improve earnings predictability.